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Today is Wednesday, September 25, and in today's Media Minute,
Porter Stansberry and author James Gorrie discuss the truth about China.
So let's get down to the nitty gritty about China. Tell
me a couple of things, just one or two, that most Americans and probably
me, don't know about China. I did spend a lot of time studying China, but
that was '96 to '99 and I've long since lost touch with it. What's
fascinating to you about China?
A couple things, well many things. A couple things that most
people don't know is that China's GDP, which is typically, you know, world
leading especially in larger economies and China lays claim to number two
behind the U.S. Much of their GDP is mythical. It doesn't exist. There's a
distinction that needs to be made and that is China is a nation that's
ruled by a very, very small number of party members in the CCP, the Chinese
Communist Party. Their sole claim to legitimacy is economic growth. So what
are they going to show you every year? Economic growth. The problem with
that is that it comes in all kinds of expenses and all kinds of costs, and
in fact it's fraudulent to the point of unbelievable.
James and Porter discuss the impending crisis in China on
Stansberry Radio and you can listen to the entire interview by visiting
www.stansberryradio.com. To receive free daily investment information from
Porter and other Stansberry analysts, just click on the link below. For the
Stansberry Media Minute, I'm Sara Wilson.